Francis Cheung, head of China and HK strategy at CLSA, says shadow financing is fueling overcapacity and the house price bubble in the mainland. Photo: Edward Wong
China’s shadow banking poses risks as unregulated loans fuel bubbles, says CLSA
Brokerage estimates that shadow financing reached 54 trillion yuan in China at the end of last year, 79 per cent of GDP
Topic |
Banking & Finance
Francis Cheung, head of China and HK strategy at CLSA, says shadow financing is fueling overcapacity and the house price bubble in the mainland. Photo: Edward Wong